Gold Drops on Stronger Dollar, Europe Fears

Futures, mining stocks also retreat Thursday

A rising U.S. dollar and renewed concerns about European debt and stimulus plans sent Gold down in Thursday trading as Germany and France bickered over budgets ahead of a eurozone summit.

Gold futures for December delivery fell to $1,744 on Thursday, according to CME Group. Gold traded as high as $1,753.40 and as low as $1,739. Gold bullion closed in London at $1,744, according to BullionVault.